Idaho § 33-601A - Leasing of goods, equipment, buses and portable classrooms
Full text of Idaho Idaho Statutes § 33-601A — Leasing of goods, equipment, buses and portable classrooms, with citation guidance and answers to common questions.
§ 33-601A. Leasing of goods, equipment, buses and portable classrooms
No provision of chapter 6, title 33 , or chapter 28, title 67 , Idaho Code, shall be construed to prevent a board of trustees from entering into lease-purchase agreements for goods, equipment, buses or portable classrooms, provided the agreement is in writing and meets all of the following requirements:
(1) The annual lease payments shall reflect reasonable compensation for use;
(2) No penalty shall be imposed on the school district for proper cancellation of the lease;
(3) The right to exercise the option to purchase shall be at the sole discretion of the school district; and
(4) The cost of purchase shall not exceed the reasonable value of the goods, equipment, buses or portable classrooms as of the time the option to purchase is exercised.
For the purposes of this section, "portable classroom" means a facility which is not so related to particular real estate that an interest in it arises under real estate law.
[33-601A, added 1992, ch. 175, sec. 1, p. 552; am. 2005, ch. 213, sec. 6, p. 643.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 33-601A
What does Idaho Statutes § 33-601A cover?
Section 33-601A ("Leasing of goods, equipment, buses and portable classrooms") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 33-601A?
A common citation format is "Idaho Statutes § 33-601A" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 33-601A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.